Exam 1 review · Lesson 5 of 45
Loss Carryovers, Personal Taxes & Munis
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Exam 1 review · Lesson 5 of 45 · 14 min
Loss Carryovers, Personal Taxes & Munis
Use a loss to shelter other years' income under the 2017 and current rules, then the individual-tax ideas behind investing choices: capital gains and losses, munis, IRAs and S corporations.
Inside this lesson
- Why this matters
- The core idea
- The formula
- Worked example 1: the 2017 rules, year by year
- Worked example 2: current rules and the yearly cap
- Your turn
- Calculator steps
- Common mistakes
- Quick check
- Key takeaways
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